ONE Gas Set to Join the S&P MidCap 400
PR Newswire
NEW YORK

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- ONE Gas Inc. (NYSE: OGSwi) will replace Valassis Communications Inc. (NYSE: VCI) in the S&P MidCap 400 after the close of trading on Friday, January 31. S&P 500 constituent ONEOK Inc. (NYSE: OKE) is spinning off ONE Gas in a transaction expected to be completed after the close of trading on that date. Valassis Communications is being acquired by Harland Clarke Holdings Corp. in a deal expected to be completed soon pending final conditions. ONEOK Inc. will remain in the S&P 500.

ONE Gas operates as a regulated natural gas distribution utility company. Headquartered in Tulsa, OK, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.

Following is a summary of the change:

S&P MIDCAP 400 INDEX – January 31, 2014

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ONE Gas

Utilities

Gas Utilities

DELETED

Valassis Communications

Consumer Discretionary

Publishing

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
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Managing Director and Chairman of the Index Committee
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david.blitzer@spdji.com
(212) 438-3907

 

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